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Sina Stock Trading below Analysts’ Price Target

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Apr. 26 2019, Updated 3:57 p.m. ET

Stock returns

Sina (SINA) stock has been extremely volatile since April 2014. The stock has gained 42% in the last five years and 35% in the last three years. It returned 32% in 2016, 82% in 2017, and -50% in 2018.

This year, the stock has gained 17.5%. Meanwhile, Chinese peers Baidu (BIDU), JD.com (JD), and Alibaba (BABA) have returned 5.9%, 40%, and 37%, respectively.

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Could Sina stock rise?

Of the 17 analysts covering Sina stock, 15 recommend “buy,” two recommend “hold,” and none recommend “sell.” Their average 12-month target of $80.71 for the stock implies a 28% upside from its current price of $63.01. Baidu, JD.com, and Alibaba are trading 28%, 3%, and 9.5% below analysts’ price targets, respectively.

What the technical indicators say

Sina closed at $63.01 yesterday, 4% above its 100-day moving average of $60.66, 1% above its 50-day moving average of $62.34, and 1% above its 20-day moving average of $63.60.

Sina’s 14-day MACD (moving average convergence divergence) is -0.53. A stock’s MACD shows the difference between its short- and long-term moving averages. Sina’s negative MACD indicates a downward trading trend. Sina has a 14-day RSI (relative strength index) score of 50. An RSI score above 70 indicates a stock is overbought, while an RSI score below 30 suggests it is oversold.

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